939 E TURNEY Avenue Phoenix, AZ $ 1,350,000
939 E TURNEY Avenue
$ 1,350,000
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939 E TURNEY Avenue

Phoenix, AZ, 85014
$ 1,350,000
Baths0.0

Monthly Estimate*

$ 8,422

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,350,000. This home was built in 1946.

Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,491

Style

Multiple Dwellings

Year Built

1946

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6810283

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s)
Roof Composition
Zoning R-3
Construction Materials Painted Block Brick
Year Built 1946
Electric APS Individual Meter
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 121606.0
Community Features Barbecue Play Area No Pool
County Maricopa
Net Operating Income 61771.0
Operating Expense 60837.37
Insurance Expense 2300.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 13013.0
Subdivision Name CAROLYN PLACE
Garage Y/N N
Status Active
Directions From E Indian School Rd Turn Right onto N 12th St Turn Left onto E Turney Ave Property is on the left.
High School Central High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Number Of Units Total 4
Lot Size Square Feet 0.0
Carport Y/N N
Elementary School Longview Elementary School
Tax Annual Amount 1491.0
Electric Expense 5841.35
Fuel Expense 1407.02
Middle/Junior High School Longview Elementary School
Trash Expense 0.0
Water Sewer Expense 3121.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Interim Occupant
Elementary School District Osborn Elementary District
Tax Lot 47
Cap Rate 4.43
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved Add'l Parking Avail 1 Space/Unit On Street
Water Source Individual Meter City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 12 929
Lot Size Acres 0.0
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 939
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* Excluded Features
List By
Azreapm

Broker

sales@azreapm.com

Email

Affordability Calculator

$8,546
Per Month
99%
1%
0%
Monthly Principal & Interest
$8,422
Monthly Property Taxes
$124
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4328222 Elementary School
4328222 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
3/14/2025$1,350,000 -1.82% Price Down
2/6/2025$1,375,000 -1.43% Price Down
1/24/2025$1,395,000 Listed Price

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939 E TURNEY Avenue, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $1,350,000. 939 E TURNEY Avenue is a studio with 0.0 baths and was built in 1946. The property's zip code is 85014 which is in Phoenix, AZ